Posted To: MBS Commentary

1.67, 1.50, 1.43, and 1.32% in 10yr Treasury yields… These are the only 4 key levels you need right now. Why are we talking about 10yr yields if this is an MBS site? Funny you should ask. Here's a primer: Why So Much Focus 10yr Treasuries if This is an MBS Site? For those who aren't into clicking links, suffice it to say that Treasuries are like a person walking a hyperactive, unpredictable, inquisitive, bipolar dog. And MBS are the dog! The human with the leash decides when the walks happen and where they will generally lead, but beyond that, this particular dog may tug at the leash, sit on the ground refusing to move, and exhibit any level of compliance in between. Regardless of the dog's behavior, the master is still going where she's going. Anyway, here are 3 of the 4…(read more)

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Source: Mortgage News Daily